Gibraltar-based insurer is expected to be valued at about £100m, according to reports

Enterprise managing director Andrew Flowers could be looking to sell a stake in the insurance company, according to reports.

The Gibraltar-based business, which provides white-label motor cover and sponsors Leeds United Football Club, is expected to be valued at about £100m, The Sunday Times reports.

A string of private equity firms are said to be interested in making a purchase, with some keen to make an offer for the whole operation.

Fenchurch Advisory is rumoured to have been appointed by Flowers.

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